Hey everyone and welcome to the latest wrap of everything that's been going on in our three favourite ...
Crypto Markets
BTCUSD finished the day higher yesterday, rallying out of short term support in the 3150-3250 zone, to close at 3405. That is just shy of the record close at 3415. This is a welcome development as Wednesday was a Bearish Engulfing candle that could of led to a sharp sell off. Not out of the woods yet though, that reversal candle is still dangerous as long as the highs hold. Would like to see it invalidated over the coming days:
The ETHUSD rally is on pause for the moment, but it did trade significantly higher since my last post. Pair is currently consolidating under 320 resistance and seems to be preparing for a move higher. I'm still not sure if it can breach the highs and resume the up-trend though - not a harmonics guy, but this looks like one of those bearish animal structures - would like to hear from any techies out there who specialize in harmonics. Either way I think we should see a return to the highs:
STEEMBTC has broken below trend-line support, though the lower bound of the 30-40 support zone still holds, and recent weakness is on the back of Bitcoin strength - this is far from the doomsday scenario we were worried about in late July. I still see potential for a bounce from this support zone, though let's face it - my bullish calls have been pretty shocking on this pair :P
Currently fetching $1.56 AUD, down from $1.74 on Tuesday. Also down against the USD, fetching $1.21 from a 24 hour high of $1.39. Steem Dollars continue to trade at a discount, you can currently pick them up for 96 cents on the dollar.
That's me for the day folks. Heading back down the coast today - nice funeral and wake, good to see the extended family and say goodbyes and managed to drink for 9 hours without making a complete arse of myself. Also good to catch up with 
As usual, 20% of the rewards from this post will be split with 
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